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Below is an Interesting article I found, which says that.....Do not # ^9 J- {- s% t9 N( l3 t- h
expect much from Crude Oil producers and future is not with the % S: ~: e* a3 L3 ^7 h3 I
companies producing Jet fuels but Biofuels. Also no wonder if some of
+ ~( W& `; U- k5 Hthese oil producer will go bankrupt or out of the business even if 4 y7 m: i9 v! `$ E& T$ X' H
crude prices improves. This implies also to good names such as Shell, - L7 Z/ o2 N p" }7 W/ b: Z/ u. F. `
EXXON, BG, BP, Cheveron ....xyz.. oils * L. x8 X8 T% ]' J# W3 P; i
( Q" ?3 Z8 P* R5 H4 |2 c: O) eRecently OPEC reduced crude oil production twice over just a few
8 {) o2 l. H" ^# z$ n8 @months. There are three wars going on in Gaza, Iraq and Afghandistan. & }5 ?% \3 X5 [* ?
A year ago these things would have spiked the price of crude oil by at & W( f) ~5 F2 V. X1 B- r
least $50.00 per barrel. Today, oil price declined by a record amount. ( o" E, V/ E3 j, h
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There are several reasons the price of oil is decreasing in the face
% N7 y& b F1 E4 e) j Nof so much news. These reasons are:
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( v1 [+ S( R* ~+ E1. New oil has been found in Canada, Montana, North & South Dakota and ; s4 X, m% @! q7 V
in the ocean near Brazil. Each of these oil fields has more oil than " C, V% l: U1 T6 L
Arabia. 0 F4 P0 b; x1 X! g+ C
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! u2 E O, R! r$ w8 U2. New natural gas has been found in Pennsylvania and West Virginia. + Y$ d" b o3 W) q* h7 Y* d
This is the largest find in North America. 8 P( T- v( S4 d0 N+ c2 f% E
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3. New methods of injecting CO2 and surfactants into oil wells is
`# r# l' b7 ~% ~8 N! hbeing used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio & M" M6 H& r3 D$ S
fuel is being produced from many plants and algae. The production
& W: ? a! s5 Mpotential per acre in some cases is astounding. Many countries are
0 }9 d: T1 M) G5 N) q3 i* L; x8 ^ hracing to produce bio fuels. % e* h$ c. R- _% v) l
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9 \! J* J5 _8 E. w3 ?# O" a5. Virtually every restaurant in the US and all food processing plants ! Y( O- m* f# {" w) P) Z" h$ l7 ?
are now selling their used oil to bio-diesel producers. Every pork,
8 s5 f& J; o% b+ m* Icattle, turkey and chicken processing plant will soon sell their fat 9 _. j5 X) x9 h
to bio-diesel producers. One pork processing plant in Oklahoma is 0 r \/ F- q- s4 Q* Z
producing 30,000 gallons of bio-diesel per day from pork fat.
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0 e' L1 ^0 M! T b# a6. There are 99 nuclear reactors in various stages of planning and
) U4 G) [5 E: m9 M- _! Tconstruction around the world at this time. Several hundred more are
( k; A% N: U- T$ t0 i* mexpected to be built in the future. Much of the energy they produce , J0 B6 c" Y) P. t4 f
will replace oil. * N) y2 w1 `; P' w' O6 Y' ^8 t" y
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/ F. N, l W8 I7 L& ~7. Every company in any form of transportaion business is replacing 1 I3 D8 p, M6 }4 e' @( \
older equipment such as trucks, airplanes, train engines, ships, etc.
1 @( U4 r3 w* P5 x, l+ Rwith new more fuel efficient equipment. Airlines and railway companies
/ `' t; \/ g/ v6 t. ^5 Xare experiencing 20% to 25% better fuel econony with the new
8 b& z( Q: N9 R0 K* Iequipment. ; A. F9 z: J6 @, d, j+ U
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$ x' H: {/ V) v) \- ^Airlines are flying airplanes with bio-fuel. They are finding the bio-
# y/ H- A/ @4 k, rfuel is cleaner and performs better than jet fuel. 4 O* ?6 \5 W, T) l9 @2 {% X
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9 A1 r( B8 T9 ]8. Cities and counties throughout the US are selling the rights to
. \ m% q' Z% b( fcapture methane gas from landfills. This is a huge source of gas 6 W3 R; ^+ u4 Q5 t6 ?
available at very little cost or risk. The gas is displacing crude / X: L4 N$ N( D* u
oil. % j) f0 ^5 i7 s- K$ X2 ~
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
8 i3 m! E4 R& X9 I/ wproduced as a byproduct is sold to oil companies for injection into
- |( `" l* p) z# p; r- {% S" Yoil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy
9 ^4 X3 M$ Y8 E! X, _source. Three new wind turbines are being erected every day in the US.
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% n0 ^0 Y4 F8 ?( ?, AEach of the above by itself will not make a large difference in the 0 Z# ?3 h# B. V; `# X* X
price of crude oil but the sum of all of them together is world 4 K$ a1 l. C$ Y. V
changing. The important thing is that OPEC no longer has the ability & p; y" _& P+ H1 }0 ~
to control oil prices.
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With the above scenario, I still believe that there are under $ Y% Z9 }1 _1 `* T* V
performed OIL companies and probably they are yet to get the justified , R3 H2 O; `$ w" m. f0 u3 y3 p+ x
value .....
6 l3 l2 U0 S4 @/ EIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
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The above articles are from WSJ .............PUBLISHED ON 9TH JAN ) A! s( i+ e$ u5 z: w5 |
2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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